Cell firms’ hearing deferred
New Delhi, Nov. 17: The Supreme Court today refused to pass any interim order on cellular operators association’s plea against the controversial unified licensing regime and seeking status quo on service specific licensing in telecom sector. However, it has decided to hear the application in December. A bench comprising Justices S. Rajendra Babu and G. P. Mathur, while hearing the interim application filed by COAI pointing out as to how Reliance has been favoured by unified licence, observed that it was not proper for the government to frustrate the petition through the new licence regime.
New Delhi, Nov. 17: Bank of India today tied up with National Insurance Company for distributing general insurance products through its branches.
New Delhi, Nov. 17: The Indian automobile component manufacturing industry is actively looking at expanding its base in China. Huang Weishu, mayor of China’s Haiyan county, said, Indian automobile component manufacturers are keen to supply to China.
Calcutta, Nov. 17: Exide Industries will set up a plant at Pune that will cost Rs 20 crore and make one million battery units.
New Delhi, Nov. 17: The Supreme Court today sought the response of key shareholders in Dabhol Power Corporation — subsidiaries of GE and Bechtel — on restarting the litigation-embroiled plant which has been lying idle for the last 24 months.